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The Family Clothing Store industry, in which Abercrombie & Fitch Co. (A&F) operates, is highly fragmented and is dominated by a large number of small retailers, each with a low market share of the total industry. The top four players in this industry are A&F, Gap Inc., American Eagle Outfitters, Inc., and Ross Stores. These four companies collectively account for about 40% of the market. A&F generally charges higher prices compared with similar merchandise at Gap and American Eagle. The company was founded in 1892 and is headquartered in New Albany, Ohio.